Fellowship Fund for the Aged Housing Co

Analysis

Fellowship Fund for the Aged Housing Co is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1963, 63 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Fellowship Fund for the Aged Housing Co reported income of $308k and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $203k to $308k (+52%), an average of +11% a year. The sharpest change came in the year to March 2022, when income rose by 50%. Over the whole period it spent 0.0% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fellowship Fund for the Aged Housing Co sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Edgar Senior Care Foundation ($308k), Lasalle Park Homes II Inc ($308k) and Wilson Commencement Park Housing Development Fund Corporation ($308k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $7.8m against liabilities of $3,836, net assets of $7.8m.